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8700 TX-338 Loop
Odessa, TX 79764

$3,475,528 USD

Warehouse For Sale  •  22,800 SF

Property Details

• Property Type Warehouse
• Total Building Size 24,000 SF
• Lot Size 6.85 AC
• Building Class A
• Year Built 1994
• Cap Rate 7.75 %
• Tenancy Single
• Zoning EA2

0 Transit Score

0 Walk Score

Highlights

Long Term Absolute Net Lease Featuring 2.75% Annual Rental Increases throughout the Initial Term and Two, 10-Year Extension Options.

Mission-Critical Energy Services Market - Odessa Serves as a Central Hub for Drilling, Completion, Production, and Well Maintenance Activities.

Wellbore Integrity Solutions is a Houston-based Global Company that Extends the Lifecycle of Oil, Gas, and Geothermal Wells.

Core Permian Basin Location - Strategically Positioned in the Heart of the Permian Basin, the Most Active Oil & Gas Producing Region in North America.

Strategic West Texas Footprint - West Texas Remains One of the most Critical Energy Production Regions Globally.

Odessa, Texas, has seen Consistent growth over the Years, driven by the Energy Sector, Manufacturing, and an Expanding Retail Industry.

Cap Rate:

7.75 %

Major Tenants

Tenant	SF Occupied	Lease End Date
Wellbore Integrity Solutions	24,000 SF	9/27/2043

Public Transportation

Airport	Drive	Walk	Distance
Midland International Air And Space Port	27 min	-	19.9 mi